Sberbank has already installed the first ATMs on the peninsula and is preparing to open offices in the largest city of Crimea.
Russian Sberbank announced the start of work in occupied Crimea. This was reported on the website of the State Bank of the Russian Federation on Wednesday, January 18.
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“Sberbank has formed a team and started working on the Crimean peninsula. The bank’s first ATMs have already been installed, and within a year, a network of self-service devices will be launched across the peninsula,” said of the message.
It is indicated that bank offices will gradually open in 2023, the first of them in the largest cities will start working in the first half of the year. All necessary services and services of Sberbank will also be deployed.
As you know, today a limited number of small banks operate in the occupied Crimea, and all of them are under sanctions. Russia’s largest banks have repeatedly stated that they are not ready to open branches in Crimea due to the threat of sanctions from the US and the EU.
In early April 2022, Sberbank fell under US sanctions. Other countries later introduced similar restrictions on this bank.
Sberbank itself announced its withdrawal from the European market. The group’s subsidiary banks face abnormal cash outflows and threats to the safety of employees and branches.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.